Bitcoin will be a key part of Twitter’s future, according to Jack Dorsey
Over the last few years, Twitter CEO Jack Dorsey has been a big supporter of Bitcoin. He and Jay Z just formed a Bitcoin fund. In a recent development, Dorsey stated that Bitcoin, together with decentralization (In blockchain, decentralization refers to the transfer of control and decision-making from a centralized entity) and artificial intelligence, will be the future of the company.
If the internet had a native currency, he claims, products like subscription, Commerce, Tip Jar, and Super Follows will be able to move faster.
“I think this is a big part of our future. I think there is a lot of innovation above just currency to be had, especially as we think about decentralizing social media more and providing more economic incentives. So I think it’s hugely important to Twitter and to Twitter shareholders that we continue to look at the space and invest aggressively in it” he said.
Dorsey stated on Twitter’s second-quarter earnings call that Bitcoin is the greatest asset to become the internet currency and that once this is established, the company would be able to expand its product line more quickly.
This is the first time Dorsey has openly discussed Bitcoin integration into Twitter’s products, according to a Twitter spokesperson.
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